The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1887-07-16

struck q ledp Of splendid ore, which |
promises to be different from anything
heretofore found In this section. and
many believe IL to be Besse'ner. -The
machinery has been put in place ut the
exploration on section eight, 44-35 and
a force Of seven men employed to prose-
cute the work. John Mcdonald Is inter-
ested in this find. "A recent summing up
disclosed the fact that there are thirteen
exploring camps in the vicinity Of Iron
River and Stambaugh, Mt the present
time. There IL one on section eight, A.
30, one on section one, one on four, one
on twelve, one on seventeen, and one on
twenty, 1895; one on section twenty
two, 42-34; one on section twenty-six,
1898; three on section twenty-six, Az
30; one ON section thirty~nve, 43-35;
one on the extension, and one on
section twenty, 41-16, Wisconsin. in
addition TO these there are a score OF
Others in contemplation, and it is pre-
dicted that inside OF sixty days there
will be at least thirty camps in full
blast. --Reporter.
No transactions are reported in this
article beyond the tillingof contracts and
no change i'm quotations has occurred.
The price Of ore is said To be as low as IL
is likely TO be so that any change will
probably be for the better. The lake
imports for the past week were 42,S76
tons against 10,957 tons during the cor
responding week in 1886, and the rail
shipments during the week just closed
were 6,159 tons against 25,951 tons
shipped year ago. The increase in re-
ceipts il said to be due To the sudden
drop of grain ireights, which is n cause
for the libcratiop OF bottoms for the ore
trade. The reduced shipments are trace
able TO the coke strike and the blowing
out Of many mills forrepairs. Wequote,
without change, AS last week:
No. specuar and magnetic Besse-
mer ores per ton.......................S7 OO@7 90
No. specular mon Bessemer) ores :, 90. -
per ton :, o oo
Non Bessemer Hemattes..........-.. o0@5 "a
The Sheldon 4 Shafer mine il not ship
ping any ore now, vessel rates being toe
high, but are mining and stocking their
ore. The stock pile presents a very
handsome appearance. Ore IL now be
ing taken from the under ground work
ings at the east end OF the mine where
one drift extends southeast distance
OF about one hundred feet and another
drift runs nearly northeast about sixty
feet; stopping is being done from these
drifts which are on level with the floor
OF the open pit. A shaft is being lowered
on the south side OF this pit, which viii
evidently be used as an opening for TIN
second level at such times as work Il
carried to that depth.
There Is considerable talk OF tn,
Youngstown mine being sold To the LAX,
Superior Consolidated Iron Co., and i
IL also quite probable that the 1ror
River and Florence mines will also b.
bought by that company. 1t is learnee
/ that j. G. Butler, Jr., OF Youngstown
Ohio, the representative OF the Bria
Hill properties. being the Youngstown
Iron River and Florence mines, was il
J Milwaukee looking after the sale OF tn
three mines to the Lake Superior Con
} solidated Iron Co., but IL is not know
} TO any Of the resident officers whethe
the deal was consumated or not.
Matt Gibson has a crew of explorer
at work i'm the Hcmlock river district
He will thoroughly explore twenty FORTE
in sections four, nine and ten, Aba
The party drove through from Republi
last week with months provisions.
! il said that the Indications in that SET
ton are very promising and IL Is quit
: probable that mine will lie found.
: A syndicate OF Crystal Falls, Iron Xiv
Z er, and Stambaugh gentlemen ARE col
8 Quoting "A promising exploration on III
. north half OF the southwest quarter ,
d section thirty-two, ABB. A number ,
y pits have been lowered and the matcrii
% brought TO the surface has every indies
Y ton OF the presence OF a body Of OF
4 near Mt hand.
y Work is still vigorously earned on q
u the Quincy property. The new sha
8 near the river and north from the ol
y workings, is being lowered as rapidly 1
Z possible, though water was very troubl
IL